Forex Policy的动态

Yesterday KuCoin, a crypto exchange, pled guilty in the SDNY, was fined almost $300 million and was barred from operating in the US for 2 years. Its 2 co-founders entered into deferred prosecution agreements. It is a reminder of the importance of having a strong compliance program, for as the the Wall St Journal pointed out, “[p]rosecutors accused KuCoin, which provided spot and derivatives trading to U.S. customers, of lacking know-your-customer processes, failing to file suspicious activity reports and neglecting to register with the Treasury Department’s Financial Crimes Enforcement Network and U.S. Commodity Futures Trading Commission as required.” If you would like to do a health check on your compliance program or want to improve upon it, my consulting firm Clovis Quantum Solutions can help. #crypto #digitalassets #fincen #cftc #aml #antimoneylaundering #compliance #kyc #sars #attorney #compliance

???05/08?#AICoin?Highlight?News? -?$ETH?briefly?fell?below?$3,000. -?#Grayscale?withdraws?its?19b-4?application?for?Ether?futures?ETF. -?#SEC?Chairman:?The?#crypto?market?is?a?hotspot?for?fraud,?with?investors?not?receiving?important?disclosures. -?Nearly?all?#FTX?creditors?will?get?118%?of?their?funds?back?in?cash. -?Standard?Chartered:?$BTC?could?benefit?from?a?Trump?win?and?U.S.?fiscal?dominance. -?@AvailProject?started?Phase?2?of?its?airdrop,?which?will?end?on?May?12?at?16:00?UTC.??$AVAIL?#Airdrop -?Swiss-Asia?Financial?Services?fined?$1.84?million?for?breaches?of?the?#MAS?anti-money?laundering?rules. -?South?Korea's?opposition?Democratic?Party?plans?to?request?financial?regulators?to?review?the?currently?banned?spot?#Bitcoin?#ETF.

Cryptocurrency exchange OKX has partnered with Standard Chartered, a British bank, to have the bank operate OKX's third-party custody solutions for institutional investors. The partnership aims to set a new standard for reputable security practices in the growing market. OKX highlighted the need for trust and assurance for institutional investors and mentioned that 80% of them prefer third-party custody. The press release also emphasized the strategic fit of the partnership, as OKX recently expanded its global presence in regions where Standard Chartered operates. Both parties have been moving closer to the crypto space, and the partnership is seen as a way to influence and set standards for the growing industry sector. While details on custody methods were not explicitly provided, the focus of the press release was on building a solid reputation for security practices.

Posting this particular article on the Uniswap Wells notice because it includes reporting from their press conference that allegedly “the content of the Wells notice was focused on Uniswap acting as an unregistered securities broker and unregistered securities exchange”. Status of the token unclear. Nod to everyone who has been recently suggesting the SEC was laying the groundwork on unregistered brokers in particular. I believe this is the first disclosed SEC enforcement activity regarding a DeFi protocol, but unlikely to be the last. It is uncanny that almost a year to the day we were all trying to get our arms around the extended comment period the SEC opened for its revised definition of “exchange” and extensive commentary on the applicability of current and proposed rules to DeFi, prompting a slew of comments, both within the extended period and ongoing https://lnkd.in/g7QS7fyk No update from the SEC that I know of on that particular rule making process. #crypto #DeFi #SEC

The FDIC under the Biden Administration has come under scrutiny for its role in what has been termed "Operation Chokepoint 2.0," targeting the digital asset industry. Recently disclosed letters reveal a pattern of regulatory pressure on banks to cease services linked to crypto businesses under the guise of “risk management.” For example, in a redacted letter to a financial institution, the FDIC stated: “Until we complete our review, we request that the bank refrain from providing this service to its customers.” Additionally, the FDIC emphasized maintaining confidentiality, signaling the potential opacity in such directives: “This letter is confidential and may not be disclosed or made public in any manner under part 309 of the FDIC Rules and Regulations (12 CFR part 309).” These actions effectively discourage financial institutions from supporting digital asset firms, undermining lawful businesses. The echoes of the controversial original Operation Chokepoint are clear—overreach disguised as risk management. Transparency and consistent regulatory frameworks are essential to foster trust in emerging technologies. It's time to demand a balanced approach that supports innovation while addressing legitimate risks. https://lnkd.in/eA3tJgCk #Crypto #Blockchain #Regulation #OperationChokepoint2_0 #FDIC #Innovation #Transparency

SEC Tightens Grip on Crypto as 2025 Oversight Priorities are Revealed The U.S. Securities and Exchange Commission (SEC) is teeing up its crypto regulatory oversight for 2025 with new exam priorities focused on the wide variety of risks that have been sprouting more rece https://lnkd.in/e4qSBZaD #Crypto #News #2025 #CryptoRegulation #sec

?? Crypto Alert: Caution with USDT OTC Discounts! ?? ?? Too Good to Be True? Offers far below market rates are often red flags. Beware of scammers targeting crypto investors with seemingly attractive but fraudulent deals. ?? Secure Your Investment: Always trade through verified OTC desks. Ensure all transactions are transparent and the counterparty is credible. ?? Use Trusted Sources: Stick to reputable platforms. Established OTC desks adhere to strict regulatory standards, safeguarding your funds. ?? Stay Updated: Knowledge is power! Keep abreast of the latest trends and scam alerts by engaging in crypto communities. As a contact at Tether, I confirm they trade USDT at a premium. It’s illogical for intermediaries to offer discounts on a liquid asset like USDT. Always question the motive behind such offers. ?? Need advice on secure USDT transactions? I’m here to help. Stay vigilant and trade wisely! #CryptoSafety #USDT #OTCTrading #CryptoSecurity #InvestmentTips #StayVigilant #Tether

ICYMI, here's a quick recap of trending topics in crypto news. El Salvador scooped up 11 BTC after finalizing a deal with the IMF. Copper has pulled its application to register with the UK’s FCA. OFAC is cracking down on North Korea’s digital asset laundering network. Ledger users are being targeted in a phishing campaign. The HAWK memecoin crew is in hot water and facing a lawsuit for securities violations. BlackRock’s Bitcoin video ignites debates over the 21 million hard cap. Investors drained a record $671.9 million from 11 spot Bitcoin ETFs. Disclaimer: This information is for educational purposes only and not financial advice.

Cryptocurrency Trader Found Guilty of $110 Million Fraud Scheme“`html In a pivotal $110 million market manipulation case, a crypto trader has been found guilty of fraud. The verdict against Avraham Eisenberg was delivered by a federal jury in New York, following allegations from the prosecution that Eisenberg intentionally influenced the price of specific perpetual futures on the Mango Markets trading platform. According to the prosecution’s case, Eisenberg engaged in a scheme where he used two distinct accounts in a simultaneous act of purchasing and disposing of futures linked to Mango’s proprietary token MNGO and the USD Coin, a stablecoin. Eisenberg has been convicted on charges encompassing commodities fraud,... https://lnkd.in/dWVH7NzA #Bank #Banking #Blockchain #Breaking #Business #challenger #Cryptocurrency #Digital #execution #fin #finance #financial #Finextra #Fintech #Fraud #Guilty #headlines #insurtech #investment #IT #Latest #million #Mobile #News #Online #Payments #regtech #Retail #scheme #Services #Tech #Technology #Trade #trader #Transaction